Hertz Energy Begins Exploration at Harriman Antimony Property in Québec
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) has announced the start of exploration programs at the Harriman Antimony Property in Québec, beginning September 16, 2024. The property, comprising 49 mineral claims over approximately 2,500 hectares, is located 17 km northeast of New Richmond in the Gaspé Region. It is strategically positioned at the intersection of major faults, hosting several antimony and gold showings. Historical results from nearby showings include up to 43.75% Sb and 7.89 g/t Au. The Harriman-4Sud showing on the property returned 15.35% Sb and 0.07 g/t Au from a historical grab sample. Hertz Energy will mobilize a team to conduct geological mapping and prospecting, focusing on areas of favorable geology and historical showings.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) ha annunciato l'inizio di programmi di esplorazione presso il Harriman Antimony Property in Québec, a partire dal 16 settembre 2024. La proprietà, che comprende 49 concessioni minerarie su una superficie di circa 2.500 ettari, si trova a 17 km a nord-est di New Richmond, nella regione della Gaspé. È strategicamente posizionata all'incrocio di importanti faglie, ospitando diverse affioramenti di antimonio e oro. I risultati storici degli affioramenti vicini includono fino al 43,75% di Sb e 7,89 g/t di Au. L'affioramento Harriman-4Sud sulla proprietà ha restituito il 15,35% di Sb e 0,07 g/t di Au da un campione prelevato storicamente. Hertz Energy mobiliterà un team per effettuare mappature geologiche e prospezioni, concentrandosi su aree di geologia favorevole e affioramenti storici.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) ha anunciado el inicio de programas de exploración en la Harriman Antimony Property en Québec, comenzando el 16 de septiembre de 2024. La propiedad, que comprende 49 reclamos minerales sobre aproximadamente 2,500 hectáreas, está ubicada a 17 km al noreste de New Richmond en la región de Gaspé. Está estratégicamente situada en la intersección de fallas importantes, albergando varias manifestaciones de antimonio y oro. Los resultados históricos de manifestaciones cercanas incluyen hasta un 43.75% de Sb y 7.89 g/t de Au. La manifestación Harriman-4Sud en la propiedad devolvió un 15.35% de Sb y 0.07 g/t de Au de una muestra histórica. Hertz Energy movilizará un equipo para realizar mapeo geológico y prospección, enfocándose en áreas de geología favorable y manifestaciones históricas.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF)는 2024년 9월 16일부터 퀘벡의 Harriman Antimony Property에서 탐사 프로그램을 시작한다고 발표했습니다. 이_properties는 약 2,500 헥타르에 걸쳐 49개의 광물 청구권을 포함하고 있으며, 가스페 지역의 뉴 리치몬드에서 북동쪽으로 17km 떨어진 곳에 위치해 있습니다. 주요 단층의 교차점에 전략적으로 위치하여 여러 안티모니 및 금 노출을 포함하고 있습니다. 인근 노출의 역사적인 결과는 최대 43.75% Sb와 7.89 g/t Au를 포함합니다. 해당 속성의 Harriman-4Sud 노출은 역사적인 샘플에서 15.35% Sb와 0.07 g/t Au를 반환했습니다. Hertz Energy는 지질 조사 및 탐사를 수행하기 위해 팀을 이동시켜 유리한 지질학적 지역과 역사적 노출에 집중할 계획입니다.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) a annoncé le début de programmes d'exploration sur la Harriman Antimony Property au Québec, à partir du 16 septembre 2024. La propriété, qui comprend 49 revendications minières sur une superficie d'environ 2 500 hectares, est située à 17 km au nord-est de New Richmond dans la région de Gaspé. Elle est stratégiquement positionnée à l'intersection de failles majeures, accueillant plusieurs manifestations d'antimoine et d'or. Les résultats historiques des manifestations voisines incluent jusqu'à 43,75 % Sb et 7,89 g/t Au. La manifestation Harriman-4Sud sur la propriété a retourné 15,35 % Sb et 0,07 g/t Au à partir d'un échantillon historique. Hertz Energy mobilisera une équipe pour effectuer des cartographies géologiques et des prospectations, en se concentrant sur des zones de géologie favorable et des manifestations historiques.
Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) hat den Beginn von Explorationsprogrammen im Harriman Antimony Property in Québec bekannt gegeben, die am 16. September 2024 beginnen. Das Grundstück, das 49 Mineralkonzessionen auf einer Fläche von ca. 2.500 Hektar umfasst, befindet sich 17 km nordöstlich von New Richmond in der Gaspé-Region. Es ist strategisch an der Schnittstelle wichtiger Verwerfungen positioniert, die mehrere Antimon- und Goldvorkommen beherbergt. Historische Ergebnisse aus nahegelegenen Vorkommen beinhalten bis zu 43,75% Sb und 7,89 g/t Au. Das Vorkommen Harriman-4Sud auf dem Grundstück lieferte 15,35% Sb und 0,07 g/t Au aus einer historischen Probe. Hertz Energy wird ein Team mobilisieren, um geologische Kartierungen und Prospektionen durchzuführen, wobei der Fokus auf günstigen geologischen Bereichen und historischen Vorkommen liegt.
- Strategic location at the intersection of major faults with multiple antimony and gold showings
- Historical high-grade antimony (up to 43.75% Sb) and gold (up to 7.89 g/t Au) results from nearby showings
- Property includes Harriman-4Sud showing with 15.35% Sb from a historical grab sample
- Good infrastructure with road access, hydroelectric power, and nearby port facilities
- Early-stage exploration project with no historical drilling
- previous exploration on much of the property
Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Hertz Energy Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) ("Hertz" or the "Company") is pleased to announce the start of exploration programs at the Harriman Antimony Property ("Harriman Property" or the "Property") comprised of 49 mineral claims (approximately 2,500 hectares) located in the Province of Québec beginning the week on September 16, 2024.
The Harriman Property is an exploration stage antimony project located approximately 17 km northeast of the town of New Richmond in the Gaspé Region of Québec (Figures 1, 2). The Gaspé Region is known for a variety of significant mineral deposits, most notably the Mine Gaspé Copper Mine, currently being developed by Osisko Metals. The Harriman Property benefits from good road access, hydroelectric power, port access, and nearby available manpower.
The Harriman Property is strategically located at the intersection of the major ENE trending Restigouche Fault and Grand Pabos Fault with a second order northeast-trending fault hosting numerous antimony and gold showings (Figure 3).
The Property was developed by compiling and reviewing historical antimony (Sb) and gold (Au) showings from the Québec government geoscientific database known as SIGÉOM. The Property area was defined by a series of four antimony showings, all hosted along a northeast-trending fault structure (Figure 4). Historical results from the nearby showings along the northeast-trending fault include
The Harriman Property of Hertz includes the Harriman-4Sud showing returning
Hertz Energy will be mobilizing a team of geologist and technicians this month to the Harriman Project to undertake geological mapping and prospecting. The crew will focus in the area of favourable geology, particularly surrounding the historical showings as well as prospect for new antimony and gold showings.
Figure 1: Harriman Project Geology Map
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Figure 2: Harriman Project Airborne Magnetics Map
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Figure 3: Harriman Project - Structural context and mineral showings
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Figure 4 Harriman Project - Claim Map
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About Antimony-In Short Supply
In August, China announced antimony export restrictions which take effect on September 15, 2024 (source: Reuters, August 28, 2024) and are expected to have significant implications for the global antimony supply chain. China's announcement of antimony export restrictions has added fuel to a red-hot market and opens another potential flash-point with the West for control of critical minerals. Antimony is a little-known metal with multiple applications. Antimony's largest end-use is as a flame retardant, but it is also found in solar panels and batteries. The U.S. Department of the Interior has designated it a critical mineral because it is also essential for armour-piercing ammunition, infrared sensors, and precision optics.
Antimony prices have nearly doubled since the start of the year to a record
Analysts estimate the market was already looking at a 10,000-ton shortfall before China's export restrictions. These new controls are not targeted at any specific country but Chinese authorities can refuse licences to export to individual end-user companies or countries as they see fit.
Other Information on Antimony:
Ukraine War Is Depleting U.S. Ammunition Stockpiles, Sparking Pentagon Concern https://www.wsj.com/articles/ukraine-war-depleting-u-s-ammunition-stockpiles-sparking-pentagon-concern-11661792188
WASHINGTON-The war in Ukraine has depleted American stocks of some types of ammunition and the Pentagon has been slow to replenish its arsenal, sparking concerns among U.S. officials that American military readiness could be jeopardized by the shortage. https://www.wsj.com/articles/ukraine-war-depleting-u-s-ammunition-stockpiles-sparking-pentagon-concern-11661792188
China's Antimony Export Restrictions: The Impact on U.S. National Security
https://www.csis.org/analysis/chinas-antimony-export-restrictions-impact-us-national-security
i2a China Export Restriction Press Release - 20 August 2024
https://www.antimony.com/wpfd_file/i2a-china-export-restriction-press-release-20-august-2024/
How China's Antimony Ban Will Cripple the US Military
https://www.youtube.com/watch?v=ZbDOEg_Wy_0
Kal Malhi, CEO of Hertz Energy commented, "With the current conflicts around the world and the need for countries to stockpile their antimony reserves, there is a rush to develop antimony resources in North America. Hertz Energy's Harriman project is well located and high grade and Hertz is laser focused on deploying our capital and talented geological team to quickly develop the antimony potential at our Harriman Antimony project. Hertz Energy is well funded and currently has approximately
QUALIFIED PERSON STATEMENT
All scientific and technical information contained in this news release was reviewed and approved by Paul Teniere, P.Geo., Technical Advisor of Hertz Energy, who is a "Qualified Person" as defined in NI 43-101.
About the Company
The Company is a British Columbia based junior exploration company primarily engaged in the acquisition and exploration of energy metals mineral properties. The Company's lithium exploration projects include the AC/DC Lithium Project, and Snake Lithium Project in Jame Bay Québec. The AC/DC Project is 26,500 hectares located in the renowned James Bay Lithium District in Québec, Canada, just 26kms southeast of the Corvette Lithium Project owned by Patriot Battery Metals and is contiguous to Rio Tinto's Kaanaayaa project claims. The Company's Snake Lithium Project is also district scale and located amongst highly prospective projects held by other exploration companies. Hertz Energy's Harriman Antimony Project is its first Antimony property acquisition located in the Gaspe region of Quebec,Canada.
For further information, please contact Mr. Kal Malhi or view the Company's filings at www.sedarplus.ca.
On Behalf of the Board of Directors
Kal Malhi
Chief Executive Officer and Director
Phone: 604-805-4602
Email: kal@bullruncapital.ca
Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Statement Regarding "Forward-Looking" Information
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223063
FAQ
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